Back to News
Apr 20, 2026 12:00 PM

Greystone Provides $215.5 Million in HUD Financing for Care New England Health System in Rhode Island

NEW YORK, April 20, 2026 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $215,500,000 FHA 242 GNMA financing for Care New England Health System ("CNE"), a leading healthcare provider headquartered in Providence, Rhode Island. CNE was advised by Cornerstone Health Advisors LLC and the transaction was originated by Greystone Managing Director Brett Southworth.

CNE operates a three-hospital system totaling 749 beds across the state of Rhode Island. Loan proceeds will be used to refinance CNE's existing Series 2016B & C bonds and fund renovations and new construction projects—including ambulatory facilities at Kent Hospital and renovations ...